New Posts For Thread: Pound slumping.https://community.betfair.com/tradefair__financials/go/thread/view/94198/23908390/pound-slumpingI think the markets have already called this election.Chisel I didn't mention the dollar, or the euro. The dollar is losing value just as our pound is. They are heavily indebted, (as is much of the eurozone) and have no realistic way to pay it back just like us.https://community.betfair.com/tradefair__financials/go/thread/view/94198/23908390/pound-slumping?post_id=430913934#430913934Chisel I didn't mention the dollar, or the euro. The dollar is losing value just as our pound is. They are heavily indebted, (as is much of the eurozone) and have no realistic way to pay it back just like us.Mon, 26 Apr 2010 08:35:55 -0500Live 4 Comparing thepound to dollar/euro over 12 months and there is little difference!The price of Gold means absolutely nothing! and the price of Oil is more exoensive now than 12 months ago no m,atter what currency you care to choose. I simply dohttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23908390/pound-slumping?post_id=430913930#430913930Live 4 Comparing thepound to dollar/euro over 12 months and there is little difference!The price of Gold means absolutely nothing! and the price of Oil is more exoensive now than 12 months ago no m,atter what currency you care to choose. I simply doMon, 26 Apr 2010 08:21:50 -0500Chisel I'd say that a 20 to 25% reduction in the value of our currency inside 12 months WAS excessive.Look at the price of oil and gold in sterling too see just how much less you can buy with your pounds now than you could a year ago.https://community.betfair.com/tradefair__financials/go/thread/view/94198/23908390/pound-slumping?post_id=430913926#430913926Chisel I'd say that a 20 to 25% reduction in the value of our currency inside 12 months WAS excessive.Look at the price of oil and gold in sterling too see just how much less you can buy with your pounds now than you could a year ago.Mon, 26 Apr 2010 08:18:55 -0500pound is down today today so I decided to close out my position at 1.531 then hopefully pay again after a rebound.https://community.betfair.com/tradefair__financials/go/thread/view/94198/23908390/pound-slumping?post_id=430913922#430913922pound is down today today so I decided to close out my position at 1.531 then hopefully pay again after a rebound.Fri, 23 Apr 2010 08:39:44 -0500plenty catches here.https://community.betfair.com/tradefair__financials/go/thread/view/94198/23908390/pound-slumping?post_id=430913918#430913918plenty catches here.Fri, 23 Apr 2010 04:22:56 -0500rates are nbot going up. Even if they do it will only be by a very small amount. We have to put this in perspective. It is not a question of when rates increase but by how much they will increase!At present the consensus seems to be it will take 3 yehttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23908390/pound-slumping?post_id=430913914#430913914rates are nbot going up. Even if they do it will only be by a very small amount. We have to put this in perspective. It is not a question of when rates increase but by how much they will increase!At present the consensus seems to be it will take 3 yeFri, 23 Apr 2010 03:39:20 -0500I layed the pound vs dollar on monday via a spreadbet. Went great to start with but since then it has gone up quite a bit. Could this be due to the inflation figures making the market think interest rates will go up?I would not touch £/euro becausehttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23908390/pound-slumping?post_id=430913910#430913910I layed the pound vs dollar on monday via a spreadbet. Went great to start with but since then it has gone up quite a bit. Could this be due to the inflation figures making the market think interest rates will go up?I would not touch £/euro becauseThu, 22 Apr 2010 18:30:35 -0500If only this lean mean machine could collect another 163 billion a year we would be alright.https://community.betfair.com/tradefair__financials/go/thread/view/94198/23908390/pound-slumping?post_id=430913906#430913906If only this lean mean machine could collect another 163 billion a year we would be alright.Thu, 22 Apr 2010 08:55:49 -0500GoringDo you not consider the other side of the argument EVER? Infaltion is simply not overly excessive, and will come under control later this year. I do not buy this talk of IMF bailouts etc etc.. This country is a lean , mean tax collecting machinhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23908390/pound-slumping?post_id=430913902#430913902GoringDo you not consider the other side of the argument EVER? Infaltion is simply not overly excessive, and will come under control later this year. I do not buy this talk of IMF bailouts etc etc.. This country is a lean , mean tax collecting machinThu, 22 Apr 2010 08:53:22 -0500I'm getting a bit bullish on cable now. It's has most of the bad news and with rates at sod all and inflation roaring away, they're only going up. Of course, they wouldn't have to if we chopped enough of the waste (otherwise known as the public sechttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23908390/pound-slumping?post_id=430913898#430913898I'm getting a bit bullish on cable now. It's has most of the bad news and with rates at sod all and inflation roaring away, they're only going up. Of course, they wouldn't have to if we chopped enough of the waste (otherwise known as the public secThu, 22 Apr 2010 07:53:54 -0500